A portable magnifying assembly includes an external electronic device that may display an image. A bellows has a top end, a bottom end and a peripheral wall extending therebetween. The top end is open and the bellows are substantially hollow. The bottom end may be positioned on a support surface and the bellows may be positioned in an extended position. A magnifying plate is removably positioned on the bellows thereby facilitating the magnifying plate to magnify the image displayed on the external electronic device when the bellows is positioned in the extended position.